Street today. Two major retail names are getting together. It was endo that ended up being the biggest acquirer. With an agreement to buy par pharmaceuticals. The deal will make Endo International an even bigger player in the fast changing and fast consolidating generic drug sector. Shares of endofell more than 5 . Bertha coombs has more on the deal. Repor drug makers that produce generic drugs are attracting big bucks. Endopaying 8 billion for par pharmaceutical 13e6kly in generics this will position us as a top generics player in the u. S. Endos shares fell some analysts citing costs, par pharma was taken for just 2 billion in 2012. Pfizer recently bought hospira for 16 billion, while teva has been 40 billion dollar for mylon, which is 40 billion for perilow. Its a nice environment to do m a. Companies are looking to fill their pipelines of products. New specialty drugs can command high prices some generic drug prices have skyrocketed. Govern data shows prices for generic cholesterol
Eric is out all week. Ive got an allstar cast of guest anchors. How was your weekend . Guest it was good. I played with my iphone. Pretty uneventful. I didnt even make it out of my house very much. Stephanie you didnt go see cinderella . i did not see it, but my kids did. The top business stories of the morning, for the first time in 11 days, Vladimir Putin has been found. He has been seen in public. He met with his counterpart from cargo stand. It not been seen and public since march fifth. That led to speculation about his health, even his grip on power. He has no problems. He today said it would be boring without gossip. Valiant has won the battle. And no international has withdrawn its rival bid. They make drugs for stomach disorders. They are all trying to find new drugs. There is a new ceo at sothebys. Tad smith will take over at the end of the month. Ruprecht had been pressured to create more money. Oil resumes its slide this morning. It had a six year low after falling 10 last
A young lady at the Washington Post telling dads to maybe just hang on a second. In the meantime we begin with news on apple. The company experiencing a major server outage. Josh lipton has that story for us live from san jose. Josh, just how widespread is this . Mandy, if you are having trouble buying songs on the itunes store, then you are not alone. According to apples website, customers may be unable to make purchases from the app store, itunes store, i books store and mac app store. The problem the tech giant is experiencing major server outages. The cause at this time is not clear. What is clear is that apple is losing money. Remember, the itunes store generates a lot of cash for apple, and its last reported quarter apple says total reports of media and software from itunes clocked in at 2. 6 billion, and its not just United States. A customer in the u. K. Posted this picture of an oldfashioned credit card imprinter. We have reached out to apple, and were going to keep you posted
Allowing the sale of fake goods. Tim cook urged graduating seniors at George Washington university to fight injustice. The sidelines are not where you want to live your life here be world needs you in the arena. Russian president Vladimir Putin showed off his ice hockey skills. He played in a match as part of celebrations marking the 70th anniversary of world war ii. He notched an impressive eight goals. [cheering] erik now for some other news making headlines. A number of deals. Another big takeover in pharmaceuticals. And a pharmaceutical Endo International will by par pharmaceutical. Here is another deal in the retail industry. Ascena retail will buy and taylor for about 2. 1 billion dollars. That is a 21 premium to fridays closing price. Just barnes is one of its brands. Stephanie a favorite. The Islamic State now took over a city about 60 miles from baghdad, ramadi. They overran Security Forces and raised the black flag in triumph. Thousands fled the city and there have been repor
Street today. Two major retail names are getting together. It was endo that ended up being the biggest acquirer. With an agreement to buy par pharmaceuticals. The deal will make Endo International an even bigger player in the fast changing and fast consolidating generic drug sector. Shares of endofell more than 5 . Bertha coombs has more on the deal. Repor drug makers that produce generic drugs are attracting big bucks. Endopaying 8 billion for par pharmaceutical 13e6kly in generics this will position us as a top generics player in the u. S. Endos shares fell some analysts citing costs, par pharma was taken for just 2 billion in 2012. Pfizer recently bought hospira for 16 billion, while teva has been 40 billion dollar for mylon, which is 40 billion for perilow. Its a nice environment to do m a. Companies are looking to fill their pipelines of products. New specialty drugs can command high prices some generic drug prices have skyrocketed. Govern data shows prices for generic cholesterol